52-Week High Alert: Trading today’s movement in MICRON TECHNOLOGY $MU

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Quantchabot has detected a promising Bull Call Spread trade opportunity for MICRON TECHNOLOGY (MU) for the 26-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

MU was recently trading at $94.34 and has an implied volatility of 46.77% for this period. Based on an analysis of the options available for MU expiring on 26-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $94.35-$106.47 at expiration. In this scenario, the average linear return for the trade would be 75.93%.

52 week high: MICRON TECHNOLOGY recently reached a new 52-week high at $94.50. MU had traded in the range $31.13-$93.10 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if MU maintains its current direction and does not revert back to pricing on the bearish side of $94.34 on 26-Mar-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if MICRON TECHNOLOGY closes at or above $94.20 on 26-Mar-2021. Based on our risk-neutral analysis, there is a 50.53% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

Synthetic Long Discount Alert: APPHARVEST INC $APPH trading at a 18.20% discount for the 21-May-2021 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for APPHARVEST INC (APPH) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

APPH was recently trading at $31.42 and has an implied volatility of 103.72% for this period. Based on an analysis of the options available for APPH expiring on 21-May-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $19.32-$51.13 at expiration. In this scenario, the average linear return for the trade would be 82.12%.

Upside potential: This synthetic long position offers the same potential benefits and liabilities as a long stock position, but at a discount due to the significant premium at-the-money puts are trading at over calls. In this case, the long call position is opened at a strike of $30.00, which is already $1.42 in the money. An out-of-the-money put at the same strike is sold to finance the call, resulting in a net credit of $4.30 per share. The final position can be considered as having a discount of $5.72 per share over the underlying price of $31.42 for a 18.20% total.

Downside risk: This discount is generally a sign of the stock facing considerable short pressure, and may indicate that the stock has become hard to borrow. However, if you have a long view of the underlying over this period, it could be a good opportunity to benefit from the upside at a major discount.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

Big Loser Alert: Trading today’s -10.1% move in NOVAVAX $NVAX

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Quantchabot has detected a promising Covered Put trade opportunity for NOVAVAX (NVAX) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NVAX was recently trading at $216.06 and has an implied volatility of 116.59% for this period. Based on an analysis of the options available for NVAX expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $143.27-$216.08 at expiration. In this scenario, the average linear return for the trade would be 156.40%.

Big -10.09% Change: After closing the last trading session at $240.29, NOVAVAX opened today at $225.75 and has reached a low of $215.00.

Trade approach: A movement as big as -10.09% is a significantly bearish indicator, so this trade is designed to be profitable if NVAX maintains its current direction and does not revert back to pricing on the bullish side of $216.06 on 16-Apr-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bearish strategy, the trade would be profitable if NOVAVAX closes at or below $318.59 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 82.76% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

52-Week High Alert: Trading today’s movement in CITIGROUP $C

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Quantchabot has detected a promising Bull Call Spread trade opportunity for CITIGROUP (C) for the 9-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

C was recently trading at $69.70 and has an implied volatility of 34.67% for this period. Based on an analysis of the options available for C expiring on 9-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $69.71-$78.00 at expiration. In this scenario, the average linear return for the trade would be 71.82%.

52 week high: CITIGROUP recently reached a new 52-week high at $69.76. C had traded in the range $32.00-$69.42 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if C maintains its current direction and does not revert back to pricing on the bearish side of $69.70 on 9-Apr-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if CITIGROUP closes at or above $69.68 on 9-Apr-2021. Based on our risk-neutral analysis, there is a 50.14% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

Big Loser Alert: Trading today’s -7.3% move in NIO INC $NIO

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Quantchabot has detected a promising Covered Put trade opportunity for NIO INC (NIO) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NIO was recently trading at $46.10 and has an implied volatility of 84.01% for this period. Based on an analysis of the options available for NIO expiring on 21-May-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $31.09-$46.12 at expiration. In this scenario, the average linear return for the trade would be 105.13%.

Big -7.35% Change: After closing the last trading session at $49.76, NIO INC opened today at $46.11 and has reached a low of $44.82.

Trade approach: A movement as big as -7.35% is a significantly bearish indicator, so this trade is designed to be profitable if NIO maintains its current direction and does not revert back to pricing on the bullish side of $46.10 on 21-May-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bearish strategy, the trade would be profitable if NIO INC closes at or below $67.13 on 21-May-2021. Based on our risk-neutral analysis, there is a 82.96% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

Covered Call Alert: CRISPR THERAPEUTICS AG COMMON SHARES $CRSP returning up to 23.79% through 16-Jul-2021

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Quantchabot has detected a promising Covered Call trade opportunity for CRISPR THERAPEUTICS AG COMMON SHARES (CRSP) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

CRSP was recently trading at $130.47 and has an implied volatility of 78.04% for this period. Based on an analysis of the options available for CRSP expiring on 16-Jul-2021, there is a 68.27% likelihood that the underlying will close within the analyzed range of $81.04-$210.35 at expiration. In this scenario, the average linear return for the trade would be 10.08%.

Moneyness: These options are currently 3.61% out of the money and there is a 47.19% likelihood that these options will be exercised before or at expiration.

Most upside: If CRISPR THERAPEUTICS AG COMMON SHARES closes at or above $135.00, this trade could return up to 23.79%. Based on our analysis, there is a 47.20% likelihood of this return.

The downside: As with any covered call, the risk is substantial as it is vulnerable to a downturn in the underlying itself. There is a 35.30% chance the underlying will close at or below its breakeven price of $109.06, resulting in a net loss on the trade.

To find the best covered calls on the market, be sure to check out Quantcha’s covered call screener.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

Synthetic Long Discount Alert: REVLON $REV trading at a 24.46% discount for the 20-Jan-2023 expiration

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Quantchabot has detected a promising Synthetic Long Stock trade opportunity for REVLON (REV) for the 20-Jan-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

REV was recently trading at $11.65 and has an implied volatility of 116.00% for this period. Based on an analysis of the options available for REV expiring on 20-Jan-2023, there is a 68.27% likelihood that the underlying will close within the analyzed range of $2.38-$57.68 at expiration. In this scenario, the average linear return for the trade would be 97.12%.

Upside potential: This synthetic long position offers the same potential benefits and liabilities as a long stock position, but at a discount due to the significant premium at-the-money puts are trading at over calls. In this case, the put position is opened at a strike of $12.50, which is already $0.85 in-the-money. However, its sale more than offsets this moneyness and the cost of the long call that the trade results in a net credit of of $3.70 per share. The final position can be considered as having a discount of $2.85 per share over the underlying price of $11.65 for a 24.46% total.

Downside risk: This discount is generally a sign of the stock facing considerable short pressure, and may indicate that the stock has become hard to borrow. However, if you have a long view of the underlying over this period, it could be a good opportunity to benefit from the upside at a major discount.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

StockTwits Trending Alert: Trading recent interest in REDHILL BIOPHARMA LTD. AMERICA $RDHL

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Quantchabot has detected a promising Bear Call Spread trade opportunity for REDHILL BIOPHARMA LTD. AMERICA (RDHL) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

RDHL was recently trading at $9.23 and has an implied volatility of 145.53% for this period. Based on an analysis of the options available for RDHL expiring on 19-Mar-2021, there is a 11.72% likelihood that the underlying will close within the analyzed range of $6.72-$7.64 at expiration. In this scenario, the average linear return for the trade would be 77.72%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, REDHILL BIOPHARMA LTD. AMERICA was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying.

Trade approach: The recent sentiment change in RDHL on StockTwits appears to be significantly negative, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bearish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bearish strategy, the trade would be profitable if REDHILL BIOPHARMA LTD. AMERICA closed at or below $8.60 on 19-Mar-2021. Based on our analysis, there is a 41.19% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

StockTwits Trending Alert: Trading recent interest in DIREXION DAILY JR GOLD BULL 2X $JNUG

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Quantchabot has detected a promising Bear Put Spread trade opportunity for DIREXION DAILY JR GOLD BULL 2X (JNUG) for the 12-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

JNUG was recently trading at $79.69 and has an implied volatility of 107.64% for this period. Based on an analysis of the options available for JNUG expiring on 12-Mar-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $66.44-$79.69 at expiration. In this scenario, the average linear return for the trade would be 47.87%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, DIREXION DAILY JR GOLD BULL 2X was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying.

Trade approach: The recent sentiment change in JNUG on StockTwits appears to be moderately negative, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bearish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bearish strategy, the trade would be profitable if DIREXION DAILY JR GOLD BULL 2X closed at or below $80.15 on 12-Mar-2021. Based on our analysis, there is a 51.26% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.

StockTwits Trending Alert: Trading recent interest in UWM HOLDINGS CORP $UWMC

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Quantchabot has detected a promising Bull Put Spread trade opportunity for UWM HOLDINGS CORP (UWMC) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

UWMC was recently trading at $7.63 and has an implied volatility of 84.18% for this period. Based on an analysis of the options available for UWMC expiring on 19-Mar-2021, there is a 31.29% likelihood that the underlying will close within the analyzed range of $7.63-$9.05 at expiration. In this scenario, the average linear return for the trade would be 50.74%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, UWM HOLDINGS CORP was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying.

Trade approach: The recent sentiment change in UWMC on StockTwits appears to be moderately positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bullish strategy, the trade would be profitable if UWM HOLDINGS CORP closed at or above $7.50 on 19-Mar-2021. Based on our analysis, there is a 50.88% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.